Optimal starting price in online auctions
文献类型：期刊论文
| 作者 | Yu, H; Wang, SY ; Dang, CY
|
| 刊名 | INTERNET AND NETWORK ECONOMICS, PROCEEDINGS
 |
| 出版日期 | 2005 |
| 卷号 | 3828页码:315-324 |
| ISSN号 | 0302-9743 |
| 英文摘要 | Reserve price auctions are one of hot research topics in the traditional auction theory. Here we study the starting price in an online auction, counterpart of the public reserve price in a traditional auction. By considering three features of online auctions, the stochastic entry of bidders (subject to Poisson process), the insertion fee proportional to the starting price, and time discount, we have analyzed the properties of extremum points of the starting price for maximizing seller's expected revenue, and found that, under certain conditions, the optimal starting price should be at the lowest allowable level, which is contrary to results from the classic auction theory and finds its optimality in reality. We have also developed a general extended model of multistage auction and carried out analysis on its properties. At last, some directions for further research are also put forward. |
| WOS研究方向 | Computer Science |
| 语种 | 英语 |
| WOS记录号 | WOS:000234851600031 |
| 出版者 | SPRINGER-VERLAG BERLIN |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/1488]  |
| 专题 | 系统科学研究所 |
| 通讯作者 | Yu, H |
| 作者单位 | 1.Chinese Acad Sci, Inst Syst Sci, Acad Math & Syst Sci, Beijing 100080, Peoples R China 2.Chinese Acad Sci, Grad Sch, Beijing 100039, Peoples R China 3.City Univ Hong Kong, Dept Mfg Engn & Engn Management, Kowloon, Hong Kong, Peoples R China |
| 推荐引用方式 GB/T 7714 | Yu, H,Wang, SY,Dang, CY. Optimal starting price in online auctions[J]. INTERNET AND NETWORK ECONOMICS, PROCEEDINGS,2005,3828:315-324. |
| APA | Yu, H,Wang, SY,&Dang, CY.(2005).Optimal starting price in online auctions.INTERNET AND NETWORK ECONOMICS, PROCEEDINGS,3828,315-324. |
| MLA | Yu, H,et al."Optimal starting price in online auctions".INTERNET AND NETWORK ECONOMICS, PROCEEDINGS 3828(2005):315-324. |
入库方式： OAI收割
来源：数学与系统科学研究院
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